Oracle just secured a cloud contract worth more than $30 billion per year - one of the largest single deals in cloud computing history. The agreement, set to begin generating revenue in fiscal 2028, ...

AUSTIN, Texas, Feb. 6, 2025 /PRNewswire/ -- Oracle has been named a Leader in the IDC MarketScape: Worldwide Public Cloud Infrastructure as a Service 2025 Vendor Assessment (doc #US51813824, January ...

Oracle Corp. today disclosed that it has won a cloud contract worth more than $30 billion annually. Shares of the company jumped almost 9% on the news at one point. It ended the trading session up 4%.

CEO Safra Catz opened by stating, "As you can see, we had an excellent fourth quarter to finish out an amazing year with Q4 total revenue and EPS both exceeding my guidance." Catz highlighted a ...

The cloud computing competitor trades for a lower valuation than its bigger peers.

Oracle differentiates from its competition by offering customers a unique and flexible cloud infrastructure service. Per recent filings, the company just signed a new cloud deal for $30 billion in ...

Oracle Corp. on Monday promoted Clay Magouyrk and Mike Sicilia to become co-chief executive officers, signaling the company’s focus on its rapidly expanding cloud computing business. The 39-year-old ...

The company has secured an agreement with a yet-to-be-named company, which some speculate could be OpenAI or an equivalent. But analysts say the move won’t impact its capacity to serve its other ...

Oracle pointed to a cloud deal from social media company Meta. At the same time, Oracle indicated that its core database and data platform business will grow. In 30 days during the current quarter, ...

One of Oracle's two recently appointed CEOs, Clay Magouyrk, told CNBC's David Faber that he's confident OpenAI will be able to pay for the cloud infrastructure it uses. OpenAI had a $5 billion net ...